MILL COTTAGE, LADOCK, TRURO, TR2 4PG - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILL COTTAGE is a very small detached house of 94m², built sometime between 2003 and 2006, which could now be worth an estimated £422,237. It was last sold for £325,000 in April 2019, which was around 3% below the average April 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two MILL COTTAGE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 18 APR	£325,000	£336,541	3% below HPI
2006 13 OCT	£275,000	£283,571	3% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two MILL COTTAGE sales from October 2006 and April 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2019 sale, which was also at 3% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £422,237.

This is based on house price inflation of 29.9%, between April 2019 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.9% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £325,000 on 18th April 2019. For the value to have increased from £325,000 to £422,237 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since April 2019.

How Large is MILL COTTAGE?

MILL COTTAGE is 94m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses houses in Ladock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ladock, and where MILL COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than MILL COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ladock.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of MILL COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MILL COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MILL COTTAGE?

MILL COTTAGE is located in LADOCK, in the TR2 postcode district. The below map shows the position of MILL COTTAGE in LADOCK.